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Radix Recap: Ecosystem & Foundation Updates🎙️
Recorded: June 20, 2025 Duration: 0:50:03Space Recording
Short Summary
In a recent Radix recap, key developments were announced, including the launch of an incentives campaign aimed at boosting user engagement, a strategic partnership with hyperlane for enhanced interoperability, and the introduction of innovative tools like Trove Pro and XRD Bio, all contributing to the growth and evolution of the Radix ecosystem.
Full Transcription
Music Thank you. Music Thank you. Music Thank you. Good afternoon, everybody, and welcome to the Radix recap space. I'm Adam Simmons, and with me is Radix founder Dan Hughes. It's the 20th of June. Pleasure to have you all here.
Howdy, everyone.
How are you doing, Dan?
I am very quickly succumbing to this conference disease that I was telling you about earlier on.
quickly succumbing to this conference disease i was talking here about earlier on yeah you never
want the conference disease it always hits you for some reason yeah yeah about a week after exactly
so we've got a bit of a sore throat and a sniffly nose but the thing i'm most annoyed about is having
a sore throat and a sniffly nose in this heat yeah For anyone not in the UK, it is
absolutely roasting. We're having a heat
wave. And there is
now, in the joy of the social media era,
there is a bunch of Americans living in
the UK confirming that we're not making
it up. UK heat, it's different.
Yeah, they thought
we were full of crap for all these years.
And now it's like, no, England is awful
in the summer.
The thing is, it's because our houses are made of brick
and designed to bring heat in and keep it in.
So even overnight, you just have the house
literally acting as a giant radiator.
Yeah, it's awful. Horrible.
Yeah. Well, nothing about the weather.
Sorry to hear about your flu.
Brian Johnson, I'm sure, would have comments
around the impact of international travel,
plus lack of sleep, plus everything else.
But with you, Dan, I think you'd have a few more points of things you shouldn't be doing.
Yeah, probably.
Let's not get into that.
The good news is we don't just have people joining us on X today.
Well, live only people on X, but through popular demand,
we now also have this recording.
So assuming it all goes well,
this will be up on YouTube and Spotify afterwards.
Oh, great.
Cool.
Branching out.
We have the technology.
We do.
Have you had a crash course from Machinist?
Because he does this kind of stuff.
Yeah.
So Machinist gave me some tips.
And I also dug out from many,
many moons ago when I did live streaming and stuff,
all of my old kit and software to do so.
The pain is really just getting audio only,
which is why we're also doing YouTube because there's a lovely picture of your
face and my face and subtly animated background.
Excellent. Is it, is it the proper faces or is it as both wigs on or something?
Well, mine is definitely my face. If it was a wig, the hairline would be better.
Yours, I'm not sure.
Oh, I better check it out after.
So let's crack on because we've also had people say that if we get through a quicker, shorter spaces are preferable.
So let's dive right in.
We've had a bit since our last space with some big news coming out.
Yes.
Why don't we start with the incentives campaign?
Sure.
Okay.
Incentives.
We have been doing a lot of work behind the scenes.
We've got some community devs helping out as well, which is awesome.
It's one of the things we wanted to do with the foundation
after the restructure is get more community devs involved
because obviously all of the fantastic builders in the ecosystem
are as familiar with what happens on chain as anyone internally.
So always a big bonus to get them in.
And we're going well.
So we'll have some demos or internal demos coming out probably in the next week or so.
I know Stella's been working on some of those.
And they're going to be having a quick look at basically a full end-to-end.
going to be having a quick look at basically a full end-to-end so we've now implemented all of
the lp on dexes lp on root and weft for usdc and calculating that for the weekly snapshots into
the activity points of the week and the conversion to the season points with the xrd multiplier
so looking all good on development timelines there. Yeah, it's going really well. Apologies for the pause there.
I had to go and have a cough and nearly die.
Please don't die.
No, I'll try my best.
Progress is going great.
So very excited to see those demos and stuff as well
and have a play around and get people's opinions and things.
It's moving really well.
So big win.
Everyone is massively cooking internally as well it's so most people internally are working on the incentives campaign and there's a lot of
stuff from like gateway from transaction manifests through to obviously on the back end side all the
databases and all of the systems we need to order to calculate points but all looking really really
good around obviously the headline goals
of using these incentives to get a lot more real users on, more capital into the network, more TVL,
and what we're kind of calling real economic activity on Ledger because there's just so many
fantastic dApps within the ecosystem that just need more capital and more usage. And that is
what we are really trying to incentivize through rewards to trading,
to liquidity provision, to lending and borrowing,
and of course, buying and holding XRD.
Yeah, it's really cool.
I had some enjoyable meetings this morning around databases,
so I thoroughly enjoyed those.
Yeah, we'll get deep in the weeds.
We tagged Dan in because one of the things
With all the snapshots that happened throughout the week
To calculate points, we realized that some of the tables
That we were using were getting into like billions of rows
And we're like, this may not be an optimal database structure
So luckily we have a database expert
Or any kind of alleged expert in you, Dan
Alleged
I think it's proven, but we'll come to that more with proof of talk Because you had an amazing panel there or any kind of alleged expert in you down there. Alleged.
I think it's proven, but we'll come to that more with proof of talk because you had an amazing panel there.
Yes, true.
But yeah, it's really cool.
It's great to see the incentives coming along.
Very bullish.
And speaking of very bullish, one of the other big things, of course,
is hyperscale.
So do you want to talk a little bit about where we are there and your, your plans with that?
Yeah, that's it.
So hyperscale has taken a little bit of a back burner over the past few weeks, of course,
because I've been traveling around quite a lot.
Um, but we did have a really good test before I went on my travels, um, to Jersey.
So you guys, uh, and then to Piris.
I went somewhere else as well.
What did I do before?
I don't know.
It doesn't matter.
So back in the seat with that now.
I had quite a lot of admin stuff to do this week and just restructure things.
So dealt with all of that.
Looking to get back into full-time hyperscale next week.
But me and Adam did have a nice conversation this morning
with one of the third parties to arrange lining them up and stuff,
which is very good.
So things are moving behind the scenes there now as well.
Just very eager to get rid of this kind of day-to-day backlog
I've got at the moment this week since coming back
and jump back into actual code, which is where my heart lies.
And how all the behind the scenes stuff, I know you probably can't say much,
but any updates for the Radix community on that?
Um, what you mean like the third parties?
Or just in general, all your, all of the behind the scenes work,
that's been taking you off of hyperscale or
keeping hyperscale off off top is that looking like to end the tunnel now uh oh yeah very much yeah um it's basically done at this point so um shouldn't have as much of a distraction so that
like that side of things over the past few months now has been, has been reducing gradually.
And then over the past week or so kind of wrapped up most of the remaining stuff.
So shouldn't be too distracted with all of that anymore,
which would be great.
So a lot more bandwidth.
It's so frustrating when,
you know,
you're like motivated to do like constructive things.
Let's say it's like being,
being in meetings all day never feels productive to me even though some meetings are obviously but when you're just back to back all
the time it just and the end of the day comes inside what have i done today nothing i've just
i've just talked all day um and yeah it's it's nice to be able to get back into productive stuff. So I'll have a lot more bandwidth for that
and move things forward.
So very excited to get back to normal,
Dan's normal,
which is stuck in a coding cave,
actually doing productive things.
A coding oven, I think it is technically.
Yeah, well, it is right now.
I'm sitting here with your shorts on,
I'm afraid everybody
well that's that's already got everyone interested now the mental image is being
for thankfully it's not a podcast otherwise i would have to wear a t-shirt and and i would be
absolutely sweaty so um speaking of talking lots going slightly out of the order of the beautiful
prep talk we get given.
You have been talking a lot at Proof of Talk.
How was, how was Paris?
Oh, it was great actually. Yeah.
Like that's my first proper conference for a while.
Almost a year, I think.
So yeah, it was really cool.
It was like, and the Louvre, it was just a beautiful location as well.
Like so much to see
in there and all the detail and stuff so probably one of the better locations i've been for a crypto
conference um and then the weather was nice that helped and then the conference itself very packed
very busy um lots going on the speaker tracks were great uh lots of networking as mostly you probably saw some
some pictures of the more interesting ones went up on the socials there was a lot more behind
the scenes as well vcs and other projects and uh tech startups and stuff and just spreading that Radix word, as far as we could.
My panel was great as well,
but it was a nightmare. So, you know, the people that were on that panel,
very high caliber, right?
And trying to line up like a prep call between us all
was just impossible.
So it was a case of sitting in a dark corner
and at the conference, like 30 minutes before the panel, crack out a case of sit in a dark corner at the conference,
like 30 minutes before the panel, crack out a bunch of questions,
send it around.
This is what we're going to talk about if you don't write it.
It's tough.
Then just run the panel.
But I think it went okay.
Got good feedback on it. And it made a nice change to be a moderator rather than a panelist.
But I would definitely rather be the panelist than the moderator.
Just completely different.
You had an amazing panel as well, though.
You're up there with the CEO of the SWE Foundation,
with Mark from obviously co-founder and CEO of Helios.
And who was the other person?
It was Martin Zerkit kind of like a institutional
layer two spent quite a bit of time with him after in the evening as well we went to an investor
dinner and we bumped into each other there so sat on the same table and spoke to a bunch of
investors and then yeah I think dare I say we became friends so um yeah very interesting guy
as well um but yeah the panel lineup was was pretty heavy and it was a bit of a different
conference to or different to many of the kind of bigger crypto events it was much much more kind of
like networking focused rather than big booths and big conferences, wasn't it?
Yeah, there wasn't any like big conference halls or flamboyant booths or anything.
Um, and, but it, it felt a lot more intimate as well.
Right.
Like usually, you know, when you're at a conference, you, you get talking to
somebody and then you never see them again throughout the entirety of the
conference, right.
But, but here just regularly bumping into people that had conversations with
earlier or like the next day, you have a quick catch up or a coffee and stuff.
So it was a lot more, it was a lot tighter conference, which I don't know.
And I just preferred it.
I preferred it to be honest.
It was, it was just better for networking.
And at least what I'm seeing is that a lot of the crypto conferences seem to be
jumping on that trend now of big booths and stuff are kind of falling out of fashion with
the exception of like token 2049 with a lot more focus on these high caliber attendees
in a more intimate setting to be able to chat.
Yeah, I think that's two demographics, right? If the conference is targeting more retail,
then you probably want all the flamboyancy.
But if the conference is more institutional
or investor or more serious,
then you probably want to earn more towards the more intimate.
Very much like DAF that I went to in February.
That was, again, again very very small space
no flamboyant boobs or anything um you know just more serious more more grown up dare i say
although i'm not sure you can say that it's not flamboyant when it's in the louvre
well yeah touche i i think that is as venues go that may be up there as the nicest venue of any conference that I have heard of.
Not just in crypto, but like any I've heard of or been involved in. Louvre is up there.
Yeah, there was a little chill out room for the VIPs at the back.
And you weren't allowed to take drinks in there.
weren't allowed to take drinks in there. And the reason being was because it was full of like
And the reason being was because it was full of like antiques and stuff.
antiques and stuff. And I guarantee that multiple like vases and stuff in there were worth more
than the entire market cap of various cryptocurrencies. So it's like, don't touch
anything in here, just sit and be still. So no diamond encrusted chairs you decided to sit on?
No, hell no. Stay away from those. Did you see that video going around of some tourist at some gallery?
There was a beautiful diamond encrusted chair and there was no one else in the room and he decided to try and sit in it and just literally crushed it.
Oh my God.
Probably made it go up in value though.
Please send that.
I love that kind of stuff.
It's one of those things where the way art works that now is probably worth
10 times more probably worth more yeah yeah he's done them a favor it was like the banksy one that
got shredded at all yeah yeah that was genius actually um so out of all of them i mean like
my my favorite picture that came out of the event was you with one of the senior people at multiverse x um yeah you and lucian in that picture just looks like full-on mind melt yeah it's a great picture
that is yeah i kept bumping into lucian all the time i was there as well so we had a couple of
follow-up like hey how you doing kind of interactions it's really cool um i like him a
lot and i'm going to try and persuade him to do a podcast with me, but we'll see. He can be a guest here.
He could be a guest here even, yes.
Yeah.
I think that would be a great space, you know, both sharding, both very technical.
And he was interested in what we were doing.
Likewise, I'm interested in what they're doing.
So I am going to try and line that up at some point when our schedules allow.
Other big news, of course, is that we had the hyperlane integration announcement.
So amazingly, we haven't spoken on this space since then, Dan, which...
Have we not?
Like this...
No, the speed things are moving at is crazy.
Like, I cannot overstate how quickly that deal went from introduction to being
signed, work started.
Yeah, that was rapid. And I thank i thank god finally we got a damp bridge oh i mean it's been like impossible mission impossible we
should have got tom cruise involved and it's a great bridge it is it is a good bridge yeah and
they're doing really well and they're growing while and stuff.
Um, and some really interesting technical features that we can, uh, leverage later on around NFTs and various other things.
Um, and they're doing as a solid as well, just, you know, kind of fast
tracking it through for us, um, which is amazing.
Um, and yeah, it just opens up so much potential for us finally.
Well, it gets Radix connected with a fully permissionless, fully open source
MintBurn bridge.
They're already connected with like over a hundred different chains.
They've done $7 billion of volume.
Really it just makes such a difference, especially with the incentives
campaign coming up as a way to easily bring assets into the Radix ecosystem and tap into some of the amazing yields that are available here.
Yeah.
We're just not an island in the middle of the ocean anymore.
Once that goes live, you know, InstaBridge is okay and it serves a purpose,
but a properly permissionless bridge is always being critical.
And now we have one. so that's a massive way like amazing and there'll be more news coming about that as well we wanted to get
the news out to the radix community and obviously the blog post you did dan a couple of weeks ago
but that's going to be a proper announcement we're working with their marketing team at the moment to
do like john press and everything around that they are very excited to be working on radix we've got their
kind of core non-evm integration team dedicated to doing the radix integration over the next eight
weeks so really high caliber team working on it it's in kind of priority fast mode and so yeah
really good and even things like the audit um that's already lined up so
we've got an audit partner who's done both hyperlane and also radix you can probably narrow it
down from that but they're they're good to go they've got the time locked in they're very
confident with it as well because obviously they've done all the hyperlane audit they've done
all the radix audit so the bit that needs auditing before it can go on to mainnet is literally just the radix connection into the hyperlane infrastructure so yeah hoping that'll
be done promptly and and that doesn't mean there's not things going on now though um
eagle-eyed people have seen that the other kind of bit of news that you snuck into your update was that
we've secured a couple of hundred thousand of new capital commitments to get deployed in the
Radex ecosystem. Yes, I believe that went in today or some of it has. Yeah, about $475,000 worth of
USDC got put in. So and some BTC. So that's gone into a couple of dexes into the lending market so now
borrow rates for borrowing usdc especially on root and weft are currently much more manageable so
there's already some people like um gel the best has already pointed out some great opportunities
that you can do and yield farming that you can do with that now. Oh yeah. So this is.
Yeah.
Yeah.
So suddenly there's.
That was up at like 60 something a couple of weeks back.
Yeah.
So this, this is just how quickly that when there are capital or when more capital is deployed in the ecosystem, it just instantly creates so many more opportunities for users
in the ecosystem, for the dApps in the ecosystem, for more advanced DeFi strategies,
using kind of borrowing from one of the money markets,
utilizing that on DEXs, arbitrage opportunities, looping opportunities,
even using some of the automated things like Atos Earn and Lattice 3.
That just unlocks a lot of stuff for them too.
Yes, cool. is three that just unlocks a lot of stuff for them too yeah it's cool so so it's gone into
weft root and uh the dexes right correct and surge i believe i i think they are looking at surge
uh but i don't think that's gone in yet okay cool well yeah. It just, it's like USD is just the oil for ecosystems, right?
So without, without that, everything's just full of friction and expensive and stuff.
So really good to see that that actually went over the line and was deployed.
Of course, we want more.
We always want more, um it's a good start
and then the final bit of news from kind of foundation side is we had the redstone
integration go live so another kind of tier one oracle now available to builders on radix
yeah that kind of got overlooked i think over the past couple of weeks right with so much going on
um because there was an announcement but then i don't think there was much much chit chatter
afterwards um or maybe it's just not exciting enough for our ecosystem but i think it's very
important um especially as we grow with you know all this stuff going on over the next six 12 months
strong oracle is is going to be really important so it just, maybe it's not exciting right now, but it's a very critical piece of the foundation.
I wanted to pick a different word than the foundation scene as we're talking about foundation
stuff, but we need to get theosaurus out before every, I'm just, I'm just, I'm dying
slowly in front of everybody here.
So please forgive me.
For those of you who don't know, so Redstone is an Oracle, which basically means they push I'm dying slowly in front of everybody here. So please forgive me.
For those of you who don't know, so Redstone is an Oracle, which basically means they push data onto, onto chain that then DAPS can utilize that as a trusted source.
So they've got about 1,200 price feeds for a whole bunch of different assets that they
are now able to, or DAPS on Radix are able to now pull from they also have a really interesting model so most on-chain oracles use what's called a push model
and so a push model basically is where they update that information on chain constantly now that is
relatively expensive to utilize because you're constantly updating that information regardless
of whether it's needed or not and one of the cool things about Redstone's technology is that they have a pull model,
which basically means that if you're a developer utilizing one of their feeds, you basically can
pull information as needed. So you go in and be like, I know, say you need the price of USD,
or not bad example, price of BTC, for example.
You go in and go, I need the price of BTC now.
It then updates that as you need it, rather than updating it constantly, even if you don't need it.
So that makes it very, very kind of cost efficient, compute efficient for both the Redstone infrastructure and also for any DAP utilizing their data feeds.
And they're huge.
So DeFi applications that are utilizing Redstone across all chains,
they're currently got a TVL of about 6.6 billion that utilizes Redstone oracles to be able to function.
So even if it's something that you're like, hey, how does this work?
Hey, how does this work?
What's it used for?
What's it useful?
This is the sort of thing which unlocks a lot of additional DAP
complexity and more complex financial opportunities for DAPs
and obviously for their users that is now live on the Radex mainnet.
Yeah, it's massive win.
I love it.
It's great.
So many opportunities.
So many opportunities just happening quickly and all going to be there very soon.
It's exciting.
Any other foundation updates, Dan?
I don't think there is,
right? I mean, we've been pretty
busy for a couple of weeks. That's probably plenty.
Yeah, for two weeks, four
big ticket items, I think is good going.
Yeah, I think so as well.
What is it that Machini says, we did good, right?
Is that right?
He's going to kill me.
Nick in his tagline.
Hopefully we get the same response from Machini
as to his space later today as well.
Yeah, I suppose down to the real points is
I've got quite a lot of follow-ups post proof
of talk as well um and uh we didn't actually get to use all of our one-to-one meeting stuff so
there's a few of those going to happen retrospectively with i'm not going to say
who they are because it's too early to say but there's still quite a bit of post proof of talk
stuff that's going to be happening in the next couple of weeks as well.
And if anything interesting comes out of Zlau's, then you will hear it here first.
And it's not just us doing exciting things.
Community has also been, or ecosystem and community have also been doing
some awesome stuff.
So they always do some awesome stuff.
Always.
I know.
Probably one of the headline ones is Trove Pro is an alpha and that went live very recently and
they have just surpassed a million XRD monthly volume. So it's been a real resurgence for NFT
trading and opens up a lot of advanced functionality for trading, which previously
wasn't available on Radex. So for those who don't trade NFTs much, obviously one of the biggest NFT platforms outside
of OpenSea is Blur, which is kind of like a much more sophisticated professional NFT
trading platform.
So Trove Pro brings a lot of features and a lot of novel features on top of what Blur
offers.
That means that you can do things like sweep the
floor you can list multiple assets you can easily kind of mint new collections and they're doing a
bunch of stuff with their they're calling them nfx's so nft experiments which also utilize a
bunch of really cool stuff that is quite unique to radix in what you can do with like upgrading nfts
or evolving nftTs and a bunch
of other things around that as well.
So congratulations to the Trove team and also everyone who's been utilizing it.
Yeah, Trove Pro is really cool.
And I remember there was just endless Trove chatter for a couple of days when it landed.
So well done, Rippic.
You're really, really cooking over there, dude.
It's great
we've also got Shard Space cooking so Shard Space have just released a pretty major upgrade
actually that I know they've been working on for a few months so Shard Space now integrates
cross-chain swaps so that's a collaboration with Maya and also rocketx so it's another place where you can do cross-chain
swaps into and out of radix through their interface they've and that basically means
you can do like multi multi-chain trading very effectively there they've also done some great
integrations with some of the ecosystem daps already so i think they've got aussie swap weft
and root already and i know they've got plans to add more into that as well.
And I have a soft spot for Shard Space because they do some really cool things utilizing the transaction manifest.
And I think, at least from my side, that's something that is quite slept on, is just how much is unlocked by the transaction manifest that on other chains and especially on EVM would require multiple custom smart contracts to be deployed for any of the
things that they're doing.
And they're doing it all just natively through the transaction manifest.
Yeah.
The manifest well, well, in due course, get its moment of fame, right?
It is super, super powerful.
In shard space, bring cross-chain swaps,
it's just more ways to get in and hopefully not out
of the Radix ecosystem once the incentivization campaign
is kicking off.
It's doing, you know, all roads lead to Radix, right?
That's what we want.
And staying on the topic of shard space,
Avant has also launched Notix.
So Notix is how some very eagle-eyed people saw some of this $475,000 of liquidity being added into the ecosystem.
So Notix is a...
It was cool to see that, actually.
And so Notix is basically doing real-time alerts for on-chain activity. So you can get instant notifications for deposits and withdrawals, validator activity and staking, LP changes, and also a whole bunch of custom triggers.
So it's almost like push notifications for things happening on-chain, which obviously if you're
right on the pulse and wanting to see action on-chain, especially things around kind of like
LP changes and stuff like that, it is a really, really cool tool and something that I know
many in the RADX community have wanted for a long time.
Yeah, it's very good.
Yeah, it was nice to see Yvonne posting,
oh, some more liquidity's got it.
Oh, some more.
Yes, yes.
Keep going.
My hope is that we give Notix some stress on their scalability when those updates are coming so frequently and so fast, especially with the incentives.
You know, it's only fair that we should break a Vaughn's code because he's always breaking mine in the high-scale test.
So, well, it's not him personally, but he helps.
So, you know.
XRD Bio has also gone live, and this is one that I've been really excited about.
So this is from the RNS team and is your own kind of like personal radix profile.
Fully decentralized.
They've just launched this in alpha.
So you can have your own theme, which is based on your RNS domain.
It allows you to accept easily XRD payments just by clicking like send tokens to like
dan.xrd or something. You can just go on there and there's a clicking like send tokens to like Dan.XRD or
something. You can just go on there and there's a button, send tokens. It automatically creates
a transaction. It allows you to stake directly from your page if you're a validator. It looks
incredibly good. Like that's the thing that I love on so many Radex apps is that like the UX and just
the view of it always surprises people and i think we're a
bit spoiled on radix that whenever external people go hey come and look at this dap they're one taken
away immediately by how good they look and how intuitive they are to use but then secondly going
wow there's daps for all of the core things that we need in the ecosystem. There's cool things like XRD Bio coming out, things like Notix.
There's all of the core kind of like money markets and multiples of them.
There's multiple DEXs each with their own USPs.
And obviously like yield aggregators coming live now as well.
NFT marketplaces, complex marketplaces for NFTs.
And this is all just really priming the ground for getting more activity and more liquidity
into the ecosystem because there are so many places to deploy it so many strategies that
people can use to maximize their yields and things like xrd bio again is just utilizing some more
radix tech and it could be more timely as well with the massive data breach that all the tech giants had this week.
And it's just a massive use case for decentralized identities, decentralized logins,
which obviously with personas on Radex is built in natively.
Yeah, I need to play around with the XRD bio a little bit.
I had a quick look at it.
And it's like, I want to spend a bit of time in here because this looks really cool.
But, you know, going back to how good all of our dApps look, they do all look very good.
Right.
And obviously part of the reason of that is because the developers aren't spending 90% of their day trying to figure out how the F not to screw up in solidity.
So they have a lot more time to spend on nice front ends.
And we have a nice culture of kind of UX as well.
I think the bar is set quite high across our ecosystem because we do have very good looking daps.
But that's not a problem because developers have more time to spend on the front ends
because they're not trying to solve silly issues in a smart contract
language, which just wants to rip off your head every five minutes.
So, um, all good.
I mean, yeah, amazing.
And bio, I need to do my bio.
I really need to do my bio.
You do need to do your bio.
It is, it is cool.
And it's just subtle things like the, some of the animations on XRD Bio just spark joy.
So much joy.
Surge has also been doing a whole bunch of stuff.
So Surge now are continuing increasing the amount of purpose activity on Radix.
So they've just added Hyperliquid as a tradable asset on Surge.
So obviously there's a bunch of hype around Hyperliquid.
Well done Hyperliquid for getting listed on asset on search. So obviously there's a bunch of hype around Hyperliquid.
Well done Hyperliquid for getting listed on Redix.
Well done. I know.
Give it a few years.
That will be the thing that every token aspires for.
A few years, Adam.
Okay, a few months.
Yeah.
They've also increased leverage everywhere.
So they've increased leverage up to 50x on all tokens.
Can never mention leverage without disclaimer.
Be very careful with leverage.
I was just going to do it, but you can do it this time.
Be very careful with leverage.
It is hugely powerful, both in good ways.
And if it goes against you, it wrecks you super fast as well.
So never underestimate the power of leverage, both in your favor and against it.
It has no mercy.
Has no mercy.
And there are many a tale of people underestimating it
or doing silly things like doing a 50x leverage position
and then there's like a 0.1% drop and they get liquidated.
Yeah, because they don't take into account the spreads.
Yep.
We've also got DeFi Llama now tracking Flux.
So Flux, for anyone who doesn't know, is by Octo.
And Flux is a collateralized stablecoin that is basically you can deposit in XRD.
You get FUSD out.
And utilizing that, you can also put that into vaults that earns interest by putting that in
there that helps maintain the peg as well it is all algorithmic completely decentralized completely
dow controlled and again it's just another one of these cool features of people being able to build
really awesome complex things on radix quickly intuitively and i recommend everyone to go and
give that a check out yeah i don I don't know about this, actually.
This is news to me, but, you know.
I think I'm allowed to miss one thing over the past couple of weeks,
so I will go and check out Slugs.
And before we get to one of the most exciting things,
we've also got Astrolescent.
Of course, it wouldn't be a Radix recap without an update from Astrolescent.
Of course it wouldn't.
I think they time it intentionally.
They just bring one thing out or a couple of things out every two weeks.
Just resident news article in our spaces at this point.
Not that we're complaining by the way.
No, no, of course not.
We're doing a fantastic job.
We would never complain.
So Astro lesson in, in fairness to them, the, the big thing that they've done for this space is not
actually them. They, well, kind of is. They set up a hackathon, an AI hackathon looking specifically
at multi-party compute. And they've announced their winners now. So the first place went to
Claudio. So Claudio built basically a crypto assistant for Radix that's powered by three MCP servers and it's even got custom built ones. Super cool. And yeah, that was
built by two devs. So really impressive utilizing N8N, Claude and Alarma for a bunch of the stuff
they're doing. And yeah, just fantastic, fantastic little dap.
They've also got second place went to Astro Portfolio Optimizer.
So that uses live APY data to generate RTM transactions to optimize
DeFi yield strategies.
And that's a Claude powered yield optimizer.
And then third place went to the root finance MCP server. So again,
that's a tool for, again, yield strategies, looking at liquidation risk insights and position
composition tracking. So all three of those fantastic entries. But a massive shout out to
Astrolesson for running a hackathon, doing AI stuff. AI, there is so much opportunity in crypto
and especially on Radex to do some very exciting stuff around that.
That is very cool.
Have we promoted these entries at all?
They're on the calendar, Dan.
Okay, good.
We have too much stuff.
Yeah, we do have too much stuff.
We never thought we'd have that problem, right?
No, we've got a lot of stuff. So intern has to rest their
fingers as they're typing frantically to make sure that
everything gets its due moment in the spotlight.
So it's good.
We're working the intern hard at the moment. Apologies.
Yeah. Same with all the grants, same with all the things being
built, please. Every DAPap builder every project on radix
remember to shout out to us get in contact we've got the ecosystem success form um every project
should have a telegram group with the foundation if you don't have one and you're building on radix
please let me know we'll set one up so there's many ways you can get in contact with us and if
you've got anything that you've released you're planning planning to release, content you've put out, anything like that,
do hit us up
and we will whip it over to intern
to make sure that it gets promoted
and amplified across
all the main channels as well.
And speaking of all of the channels,
the final ecosystem update
I've got for today, Dan,
is the Coffee Beans space.
I love that though
it was brilliant i was
did yeah think of that or or did he get like some pr agency involved was that that's surely too good for beam to come up with on his own right i don't know i wouldn't want
to speculate but it is a fantastic name so uh, obviously one of the superstar devs on Radix, started a new X base called Crypto Coffee Beams. And that had, I've forgotten the third person now. It was Beam, Octo, and someone else. I'm sure someone will remind me of it shortly.
but they had their first space.
It was super interesting.
They dove, Rippy, that was the third one.
They got super deep into looking at intents
and sub-intents on Radex.
So this is something that was actually released
back in Cuttlefish as a protocol update back in December
and is something which I'm really glad to see
devs starting to play around with
and seeing just how much utility there is there.
And yeah, Beam, Rippyippy and Octo were talking in depth about some of the things they're playing around with
testing with sub intents and what that opens up so if you haven't listened to the space
highly recommend it really interesting even though they're three like gigabrain devs
they still explain in a way that even smooth brain apes like I can understand.
So really worth a listen.
And I'm really glad to see that the stuff put in with Cuttoolfish is now getting some attention because there is just so much that can be unlocked using them.
Yeah, all the sub-intent stuff is mega powerful.
But, you know, when you've got features like that, there is a bit of a learning curve and some latency for people to really understand the potential of it and stuff.
Fortunately, when Beam did that space, I was swamped. So it is on my listen list, probably this evening, actually.
If I keep feeling like I am, I'm going to put that on this evening.
And I will quite happily give it a push on my account afterwards
and give some feedback if you'd like it.
I can't remember the cadence he's doing them.
I think the name's great. Stick with that name, dude.
And try and do...
Yeah, just... It's brilliant. It's so good.
Plus, you've also got instant...
I was going to say instant coffee.
You've got instant monetization opportunities there
with Beam branded coffee.
Oh yeah.
There you go.
You can have all kinds of interesting taglines.
Become a gigabrain coder like Beam with crypto coffee, Beam's coffee.
Look at that.
Already got a business use case for him.
But honestly, the sub intent stuff is fantastic. And my only pain is I think it's
flown under the radar because as is like the Radix curse, when sub intents were
being made, it was kind of a branded name. And now loads of other people in the
crypto space are now talking about intent based interactions that are very, very
different to Radix subintents.
Yes.
And so naming anything in tech is always a pain because if you come up with something novel,
someone else uses it as well. And if it's something that's used and someone's using
in a slightly different way, adds to confusion. So spread the word of subintents.
Spread the word of sub-intents.
Yes.
Because there's so many cool things you can do there.
Because there's so many cool things you can do there.
Well done.
That ends the list of things that we were going to talk about.
Quite a hefty list.
And thank you for carrying me mostly through this space, Adam.
It's much appreciated.
I'm having a quick look through people who've dropped replies
to see if there's any questions or anything.
Of course, brief moment now.
If you would like to come up and ask a question or anything just hit that request to talk button the microphone button on here um yeah joel the best has showed his strategies um that you can
now do now there's more usdc in um so definitely take a look at those they're really cool
people telling us to shout out beams uh coffee space which is done so that is all good
it doesn't be well for uh analyzing strategy and stuff so at or certain i thought so i said
yeah it's a yield it's a yield strategy dap so what i call like the third, the third wave of dApps where it's actually optimizing
DeFi strategies on other dApps to increase your yields.
And so that and Lattice3 are both pioneering some of that on Radex and obviously
with more capital, more and more strategies become viable.
So yeah, maybe check those out as well after the liquidity injection today.
liquidity injection today um might be useful for you guys
Um, might be useful for you guys.
so we don't have anyone requesting to speak as is the way it's you dan
that that when it's just me people come up and they they want to ask me questions slash
shout out when you're here when you're here they're just they just want to listen to you
ah well i'm on it, I guess.
I don't know.
I reckon community liaison or intern,
your challenge for in two weeks' time
is get some people to come and request to ask a question.
Yes, yes, that would be good.
Because as much as I like talking to you, Adam,
on these spaces, some variety every now and then
would be very nice.
And just some different voices.
But that unfortunately means that we can't have Felix on
because everyone thinks Felix and I have exactly the same voice
and maybe the same person.
Really?
Yeah, I think it's just because we both have British accents.
Yeah, but the difference is Felix says man way more than you do.
Yeah, my vocabulary is a bit too robotic.
That's the problem.
I secretly got Neuralink fitted in the early alpha.
You were a robot at one point, remember?
Yeah, I remember those times.
Robot Adam, that was hilarious.
Where is Robot Adam?
If no one's seen that video of robot Adam roaming around a conference,
Adam, like find it and post it somewhere so that everybody can see. It's brilliant.
It was, that was at the Lisbon, Lisbon hackathon. Um, when we just first released Scripto
and I couldn't attend. I want to say it was like just off the back of COVID or something.
Anyway, there was some reason I couldn't go and we, so we got robo Adam.
Yeah. Robo Adam, a little screen on this stick with some uh some auto balancing wheels roaming around
i really want to know where robo adam is maybe i should just connect to it
see where i am yeah yeah yeah just connect to be like hello freak someone out get stabbed
or just i've got the level one Dalek problem
and I'm just stuck in a form of a flight of stairs somewhere.
Yeah, he's just there forever.
Oh, dear.
Yeah, Robot Adam.
Bring back Robot Adam.
Okay.
Anything else?
We're doing anything else or we're good?
We're good.
Everybody in the community happy with what's going on and give us give us a thumbs up if if
you're happy if you're not happy I don't want to hear about it today I want positive vibes only
no thumbs at all I I gave a thumbs up because I'm happy today you well well you're obliged you're
obliged to give a thumbs up well this is the pro
oh no here they will come it's because all the thumbs are coming now i had some hearts as well
okay cool you're making me work for it that brilliant yeah it's it's the x space delay
speakers i think it must be different like it's about a 10 20 second delay between what speakers
here and what audience is here isn't that long? It really is.
Yeah, because the other thing that catches you out is you have to not close the space either.
Because if when we finish talking, we're like, that's it, that's a wrap, and I hit end space,
it cuts off the last like 15, 20 seconds on the recording.
I did not know that.
Come on, Elon.
Get your latency source.
All right.
Okay.
I guess we'll have an awkward silence for 20 seconds at the end then.
There was an old late night show.
I can't remember the guy's name,
but he always used to do the thing at the end of the show
of people get to pick of like awkward silence,
fake argument, play the harmonica, that sort of stuff.
Oh, it's Craig somebody.
The late show.
Yes, Craig.
Ferguson.
Yes, that's the one. If late show. Yes, Craig. Ferguson. Yes, that's the one.
If anyone hasn't watched clips from Craig Ferguson's late night show,
highly recommend.
He is hilarious.
He is someone who has too much charisma.
Oh, yes.
Easily share some out to the rest of us and still have buckets to spare.
Yes, he could.
Yeah, very funny.
Well, on that note.
Shall we cue the silence? Yeah yeah let's cue the silence thank you much everyone for tuning in remember this is also going to be
going out on youtube and probably spotify as well shortly as well as x so make sure you like it
share it retreat subscribe all those sort of good things and we will see you in two weeks' time. Thank you.
